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Rise. Less concerned about as may have acquisition. Overpaying. A lot of the shareholders who own fox are shareholders in time warner. So while you want to high bid for time warner, you dont want fox to overpay if you own both of these stocks. People were expecting strong numbers out of time warner to so it could profits case. How is this for a good morning for you . Stocks down just before those earnings come out. And at the same time, rupert has a history of overpaying, right . When you look at the write down that he took on the wall street journal, but ultimately financially he paid a lot of money for it. So shareholders are going to go along with that. Theres a comment in the newspaper this morning which is the new and improved Rupert Murdoch that hes learned his lessons from prior battles. I doubt it. He had less power. He would love to do that. The shareholders couldnt call a meeting earlier, that this was going be something ....
Jones, your opening testimony was touched upon where china is north koreas last remaining patron. What would happen if china joined us in the sanctions if were just thinking through and really did cut north korea off . How would north korea respond . Well, china has said that they support fully United Nations sanctions and i talked about some of the signs that the chinese are beginning to take unprecedented action in that direction, signalling to north korea they will pay a price if they dont come around in particular on the nuclear issue. This is why when we talk to the chinese we try to talk about how we can work in concert to bring pressure on tnorth korea in a surgical way. Were going to keep at that because we think increasingly the core chinese interests in stability on the Korean Peninsula and our core interest in security that these are converging concerns. And we a ....
Declining. 23 . And the nasdaq dipping. 17 this session . Frankly, theres no one answer that explains why stocks are so resilient here. This is a complex and complicated market. Instead, there were a number of important factors at work. Lets get to it. Lets go over the reasons why the market hasnt been absolutely destroyed despite the crash of the Malaysian Airlines plane over ukraine and the ratcheting up of the antirussia rhetoric by president obama and his people this weekend. Pretty much, the markets decided for now that whatever sanctions we put on russia are not going to hurt the earnings of u. S. Based companies. Now, im not so sure if the conventional wisdom here is correct yet. Its certainly right if the west, including the United States does nothing more than what weve already seen against russia. The current sanctions arent going to hurt any companys earnings be ....
Us can see but is a danger to us all. We are live as well in cuba as the dust settles there after yesterdays historymaking announcement to normalize relations. So whats business like there now . Michelle carusocabrera has gone in search of answers. First, though, lets go check in with sue at the nyse. Hi, sue. Hi, ty. And were at the highs of the day, as you said. A huge rally on wall street today. And basically its been two days that have taken us up about 3 , 600 points. We are at the high of the day. And bob pisani joins me here on the floor of the new york Stock Exchange. Santa claus is coming a little early. Why are we up 300 points . I dont know, i asked you. Thats why im here. Thank you. They pay me to do this. Number one, oil is trying to stabilize. Thats the most important thing. Number two, the fed is perceived to be sympathetic to the stock market or helpful to the stock market. And finally all in on the u. S. On the pa ....
Leader development. You mentioned that is one of the most important components. [laughter] leader development. S. Leader development for you. [laughter] and why was that . And we also looking at the program, professional military education that occurs . Currently having just gone through this and other active officers attend resident courses. Could this also provide cost savings by integrating the dl forces to the active component to get cost savings for them and integrate the training that we achieve . Did you understand the question . [laughter] i did not get the actual. Sounded like the yankees fan. Of hate. Next question. Im just kidding. Using captains career fuller says an example theyre is a audio component and a resident component. Your question was, could we maximize opportunity for integration and collaboration, perhaps if we had guardsmen, perhaps more attending residence and also some active component experience a learning. And all of those courses throughout our pnc. Yap. ....